Part of a package of three bills to establish governance arrangements for Commonwealth superannuation schemes, the bill: merges the Australian Reward Investment Alliance, the Military Superannuation and Benefits Board and the Defence Force Retirement and Death Benefits Authority into a single trustee body - the Commonwealth Superannuation Corporation (CSC), and sets out its functions and powers; establishes a governing board of CSC; allows CSC to employ staff and engage consultants; and provides for finance and reporting requirements.

to: require regulations to be made to determine that food processing activities, to the extent they are trade exposed, be given a 90 per cent partial exemption from the additional renewable source electricity acquisition obligation for 2010 and later years; and provide that certain emerging renewable energy sources gain a share of the guaranteed renewable energy market.

Provides for: a standing appropriation to pay claims under the Guarantee of State and Territory Borrowing; and a borrowing power enabling money to be borrowed to pay those claims should there be insufficient funds in the Consolidated Revenue Fund at the time claims are to be paid.

The bill: establishes a standing appropriation to enable claims to be paid under the Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding; and provides a borrowing power, to enable money to be borrowed to pay such claims, should there be insufficient funds in the Consolidated Revenue Fund.

to provide a framework for the administration and management of the Great Barrier Reef Park which integrates with the

Environment Protection and Biodiversity Conservation Act 1999

and other legislation by: implementing environmental impact assessment and permitting processes; investigation and evidence collection; targeted approaches to enforcement; encouraging responsible use of the Park; and new emergency management powers.

Following government endorsement of the recommendations of the Review of the Corporate Governance of Statutory Authorities and Office Holders (the Uhrig Review), the bill amends the

Australian Institute of Marine Science Act 1972

,

Australian Nuclear Science and Technology Organisation Act 1987

and

Science and Industry Research Act 1949

to implement changes to the governance arrangements of the Australian Institute of Marine Science, the Australian Nuclear Science and Technology Organisation and the Commonwealth Scientific and Industrial Research Organisation.